Civic Intelligence

The Rhythm Foundation Inc

990 • Fiscal year 2016 • EIN 65-0102768

Oct 01, 2015 to Sep 30, 2016 • Filed on Jan 09, 2017

407 Lincoln Road 6EMiami Beach, FL 33139

(305) 672-5202

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

1.17x

Higher debt load relative to assets than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.14x

Higher debt load relative to revenue than 55% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

33rd percentile

-3.1%

Higher net margin than 33% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

44th percentile

$50,000

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

8th percentile

-16%

Faster asset growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

85th percentile

35%

Faster revenue growth than 85% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$136,811

Down $26,930 (-16%) from 2015

Net Assets

Down

-$23,094

Down $35,995 (-279%) from 2015

Liabilities

Up

$159,905

Up $9,065 (+6.0%) from 2015

Revenue

Up

$1,170,628

Up $302,725 (+35%) from 2015

Expenses

Up

$1,206,622

Up $305,514 (+34%) from 2015

Net Income

Down

-$35,994

Down $2,789 (-8.4%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.0M$0-$1.0MAssets 2011: $164,639Liabilities 2011: $130,288Net Assets 2011: $34,3512011Assets 2012: $108,853Liabilities 2012: $66,250Net Assets 2012: $42,6032012Assets 2013: $159,132Liabilities 2013: $89,849Net Assets 2013: $69,2832013Assets 2014: $264,431Liabilities 2014: $218,325Net Assets 2014: $46,1062014Assets 2015: $163,741Liabilities 2015: $150,840Net Assets 2015: $12,9012015Assets 2016: $136,811Liabilities 2016: $159,905Net Assets 2016: -$23,0942016Assets 2017: $97,444Liabilities 2017: $175,537Net Assets 2017: -$78,0932017Assets 2018: $117,866Liabilities 2018: $202,838Net Assets 2018: -$84,9722018Assets 2019: $256,188Liabilities 2019: $271,799Net Assets 2019: -$15,6112019Assets 2020: $373,598Liabilities 2020: $356,920Net Assets 2020: $16,6782020Assets 2021: $884,665Liabilities 2021: $806,682Net Assets 2021: $77,9832021Assets 2022: $1,314,664Liabilities 2022: $642,968Net Assets 2022: $671,6962022Assets 2023: $1,674,572Liabilities 2023: $637,035Net Assets 2023: $1,037,5372023Assets 2024: $1,963,972Liabilities 2024: $376,610Net Assets 2024: $1,587,3622024

Highlighted filing

2016

Assets$136,811
Liabilities$159,905
Net Assets-$23,094

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,020,858Expenses 2011: $957,160Net Income 2011: $63,6982011Revenue 2012: $922,368Expenses 2012: $914,116Net Income 2012: $8,2522012Revenue 2013: $1,013,088Expenses 2013: $986,408Net Income 2013: $26,6802013Revenue 2014: $911,548Expenses 2014: $934,725Net Income 2014: -$23,1772014Revenue 2015: $867,903Expenses 2015: $901,108Net Income 2015: -$33,2052015Revenue 2016: $1,170,628Expenses 2016: $1,206,622Net Income 2016: -$35,9942016Revenue 2017: $1,013,605Expenses 2017: $1,068,604Net Income 2017: -$54,9992017Revenue 2018: $1,223,908Expenses 2018: $1,230,786Net Income 2018: -$6,8782018Revenue 2019: $1,351,714Expenses 2019: $1,282,353Net Income 2019: $69,3612019Revenue 2020: $871,800Expenses 2020: $839,511Net Income 2020: $32,2892020Revenue 2021: $1,364,749Expenses 2021: $1,303,444Net Income 2021: $61,3052021Revenue 2022: $2,865,693Expenses 2022: $2,245,298Net Income 2022: $620,3952022Revenue 2023: $3,095,137Expenses 2023: $2,866,065Net Income 2023: $229,0722023Revenue 2024: $3,151,799Expenses 2024: $2,888,045Net Income 2024: $263,7542024

Highlighted filing

2016

Revenue$1,170,628
Expenses$1,206,622
Net Income-$35,994
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Jan 9, 2017
Return Version
2015v3.0
Gross Receipts
$1,170,628
Mission and Program Overview

Mission

Cultural Music Presentation

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$96,138$42,314▼ $53,824
Land, Buildings, and Equipment, Net$12,188$31,678▲ $19,490
Cash and Non-Interest-Bearing Accounts$6,436$26,247▲ $19,811
Total Assets$163,741$136,811▼ $26,930
Other Assets Total$48,979$36,572▼ $12,407
Liabilities
Accounts Payable and Accrued Expenses$150,840$159,905▲ $9,065
Total Liabilities$150,840$159,905▲ $9,065
Net Assets / Fund Balance
Unrestricted Net Assets$12,901$-23,094▼ $35,995
Total Net Assets Fund Balance$12,901$-23,094▼ $35,995
Total Liabilities and Net Assets / Fund Balance$163,741$136,811▼ $26,930

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$31,678$16,817$48,495
Other Assets Org$36,572--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dean TahaDirector-$50,000$50,000
Benton GalgayEmployee-$39,999$39,999
Eugenio M DesouzaEmployeeFT$39,996$39,996
Laura QuinlanEmployeeFT$25,000$25,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,170,628
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,170,628
Change in Net Assets
$-35,994

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table2$35,600
Other Non Cash Contri Table2$25,350
Other Non Cash Contri Table1$5,000
Other Non Cash Contri Table1$5,000
Total Noncash Contributions6$70,950
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,031,518
Salaries, Compensation, and Employee Benefits$175,104
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$496,392$0$0$496,392
Occupancy$177,633$0$0$177,633
Current Officers, Directors, Trustees, and Key Employees$0$159,996$0$159,996
Advertising$108,187$0$0$108,187
Travel$98,064$0$0$98,064
Office Expenses$0$30,131$0$30,131
Payroll Taxes$0$15,108$0$15,108
Insurance$10,264$0$0$10,264
Depreciation Depletion$5,297$0$0$5,297
Fees for Services Accounting$3,110$0$0$3,110
Other Expenses$2,254$0$0$2,254
Total Functional Expenses$1,001,387$205,235$0$1,206,622
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Rhythm Foundation Inc
EIN
65-0102768
Phone
3056725202
Address
407 LINCOLN ROAD 6E, MIAMI BEACH, FL 33139

Signing Officer

Name
Laura Quinlan
Title
Executive Director
Phone
3056725202
Signed
2017-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Quinlan
Formed
1988
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
17
Employees
4
Volunteers
11

Preparer

Firm
Rolando E Leiva CPA Pa
Address
7400 SW 50th TERRACE SUITE 302, MIAMI, FL 33155-4481
Preparer
Rolando E Leiva CPA
Phone
3056631511
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Organization furnishes its 990 to the Board of Directors via email pdf attachment and via hard copy.

Pt VI, Line 15A

The BOD has a standing personnel committee.

Pt VI, Line 2

Key Employee Laura Quinlan is married to Chairman James Quinlan

Form 990, Part IX, Line 24E

Administrative Personnel Development 9425. 9425. 0. 0.

Form 990, Part IX, Line 24E

Auto expense 9830. 9830. 0. 0.

Form 990, Part IX, Line 24E

Documentation 6150. 6150. 0. 0.

Form 990, Part IX, Line 24E

Maintenance 12008. 12008. 0. 0.

Form 990, Part IX, Line 24E

Outside Artist Fees 369269. 369269. 0. 0.

Form 990, Part IX, Line 24E

Production Personnel and Cost 40039. 40039. 0. 0.

Form 990, Part IX, Line 24E

Security 33042. 33042. 0. 0.

Form 990, Part IX, Line 24E

Subcontracted work 3000. 3000. 0. 0.

Form 990, Part IX, Line 24E

Ticket Printing 10742. 10742. 0. 0.

Form 990, Part IX, Line 24E

Utilities 2887. 2887. 0. 0.

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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01170628
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt017
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
IRS990/InformationTechnologyGrp/ProgramServicesAmt00
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt010264
IRS990/InsuranceGrp/TotalAmt010264
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt016817
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012188
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031678
IRS990/LandBldgEquipCostOrOtherBssAmt048495
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Cultural Music Presentation
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt012901
IRS990/NetAssetsOrFundBalancesEOYAmt0-23094
IRS990/NoncashContributionsAmt070950
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt0177633
IRS990/OccupancyGrp/TotalAmt0177633
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt030131
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt030131
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt048979
IRS990/OtherAssetsTotalGrp/EOYAmt036572
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Bank Charges
IRS990/OtherExpensesGrp/Desc1Dues and Subscriptions
IRS990/OtherExpensesGrp/Desc2Equipment Rental
IRS990/OtherExpensesGrp/Desc3Licenses and Permits
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0271
IRS990/OtherExpensesGrp/ProgramServicesAmt13058
IRS990/OtherExpensesGrp/ProgramServicesAmt296857
IRS990/OtherExpensesGrp/ProgramServicesAmt32254
IRS990/OtherExpensesGrp/TotalAmt0271
IRS990/OtherExpensesGrp/TotalAmt13058
IRS990/OtherExpensesGrp/TotalAmt296857
IRS990/OtherExpensesGrp/TotalAmt32254
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015108
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt015108
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0LAURA QUINLAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0867903
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0758089
IRS990/PYRevenuesLessExpensesAmt0-33205
IRS990/PYSalariesCompEmpBnftPaidAmt0143019
IRS990/PYTotalExpensesAmt0901108
IRS990/PYTotalRevenueAmt0867903
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-35994
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01170628
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0867903
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0911548
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01013088
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0922368
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04885535
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt04885535
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01170628
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0867903
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0911548
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01013088
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0922368
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04885535
IRS990ScheduleA/TotalSupportAmt04885535
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.96$0.38$1.59$3.15$2.89$0.26
2023Detailed filing. Detailed filing data is available for this year.$1.67$0.64$1.04$3.10$2.87$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.64$0.67$2.87$2.25$0.62
2021Detailed filing. Detailed filing data is available for this year.$0.88$0.81$0.08$1.36$1.30$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.37$0.36$0.02$0.87$0.84$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.26$0.27$0.02$1.35$1.28$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.12$0.20$0.08$1.22$1.23$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.10$0.18$0.08$1.01$1.07$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.14$0.16$0.02$1.17$1.21$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.16$0.15$0.01$0.87$0.90$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.26$0.22$0.05$0.91$0.93$0.02
2013Summary only. Only limited summary data is available for this year.$0.16$0.09$0.07$1.01$0.99$0.03
2012Summary only. Only limited summary data is available for this year.$0.11$0.07$0.04$0.92$0.91$0.01
2011Summary only. Only limited summary data is available for this year.$0.16$0.13$0.03$1.02$0.96$0.06